MAPLETON IRRIGATION COMPANY (EIN 870232279) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1914

Legal Domicile

Principal Officer

MICHAEL MINER

Phone

8014916264

Tax Period

2024-01-01 to 2024-12-31

MAPLETON IRRIGATION COMPANY, founded in 1914, is a small nonprofit in the Mutual Benefit sector that reported $511K in total revenue in fiscal year 2024. The organization ran a surplus of $160K, a strong 31% operating margin.

Mission

THIS COMPANY IS A MUTUAL BENEFIT CORPORATION ORGANIZED TO DEVELOP, DIVERT, STORE, AND DISTRIBUTE WATER WITHIN ITS DEFINED SERVICE AREA LOCATED IN UTAH COUNTY, STATE OF UTAH, TO ITS SHAREHOLDERS FOR DOMESTIC USE, IRRIGATION, AND OTHER USEFUL AND BENEFICIAL PURPOSES; TO ACQUIRE AND HOLD THE WATER RIGHTS TAKEN UP FOR DOMESTIC USE AND IRRIGATION OF THE LANDS UNDER THAT SYSTEM, AND TO ACQUIRE, CONSTRUCT, HOLD, OPERATE AND MAINTAIN WELLS, WATER LINES, DIVERSION WORKS, CANALS, DITCHES, RESERVOIRS, AND CONSTRUCT, HOLD, OPERATE AND MAINTAIN WELLS, WATER LINES, DIVERSION WORKS, CANALS, DITCHES, RESERVOIRS, AND OTHER FACILITIES, INCLUDING FIRE-FIGHTING EQUIPMENT, AS MAY BE DEEMED DESIRABLE TO THE FUNCTIONING OF THAT SYSTEM; TO DO ANY AND ALL THINGS NECESSARY OR PROPER TO BE DONE IN MANAGING AND CONTROLLING THAT SYSTEM AND CONDUCTING THE BUSINESS OF SUPPLYING ITS SHAREHOLDERS WITH WATER; AND TO FIX, CHARGE AND COLLECT FROM ITS SHAREHOLDERS TOLLS, RENTALS, ASSESSMENTS AND MAINTENANCE CHARGES FOR TH

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $421,172

Program Service Revenue $0

Investment Income $24,815

Other Revenue $64,930

TOTAL REVENUE $510,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,120

Fundraising Expenses $0

Other Expenses $263,045

TOTAL EXPENSES $351,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,917	$502,993	+0.0%
Expenses	$351,165	$373,382	-0.1%
Net Income	$159,752	$129,611	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,200

Total Directors

$7,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RILEY SNOW	ATTORNEY	N/A	Director	$1,860	$0	$1,860
HAL BLACK	BOARD MEMBER	N/A	Director	$1,200	$0	$1,200
DAVID FULLER	BOARD MEMBER	N/A	Director	$1,200	$0	$1,200
SCOTT JEFFERS	BOARD MEMBER	N/A	Director	$1,200	$0	$1,200
RON JENSEN	BOARD MEMBER	N/A	Director	$1,200	$0	$1,200
ROLF WALPOLE	BOARD MEMBER	N/A	Director	$1,200	$0	$1,200
MICHAEL MINER	PRESIDENT	5.00	Officer	$1,200	$0	$1,200

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$510,917	$351,165	$2,881,204	$159,752
2023	$502,993	$373,382	$2,768,295	$129,611
2022	$578,370	$358,592	$2,684,809	$219,778
2021	$813,808	$347,367	$2,602,435	$466,441
2020	$649,131	$291,766	$2,113,152	$357,365

MAPLETON IRRIGATION COMPANY